Rasmussen Reports

« If it's in the news it's in our polls. «

« Rasmussen produces some of the most accurate and reliable polls in the country today. »

-Larry Sabato, University of Virginia

« Rasmussen, an organization with fast zeitgeist reflexes.... «

-The Politico

« If it's in the news it's in our polls. «

« The best place to look for polls that are spot on is RasmussenReports.com «

-Michael Barone, The Washington Examiner`

« If you really want to know what people in America think, you can't find a better place to look than Rasmussen Reports «

-Susan Estrich

« If you have a choice between Rasmussen and, say, the prestigious N.Y.Times, go with Rasmussen! »

-Mickey Kaus, Slate Magazine
Premium MembershipLoginSignup
Search
Sign up for free daily updates
Advertisement
Advertisement

73% Fear U.S. Will Run Out of Money If More Are Bailed Out
Email a Friend Email to a Friend
Advertisement

Sizable pluralities of Americans are opposed to taxpayer-backed bailouts of the Big Three automakers, with 73% now worried the U.S. government will run out of money with all the demands being made on the federal treasury in the current economic crisis.

Forty-one percent (41%) of adult Americans are Very worried the government will run out of money, according to a new Rasmussen Reports national telephone survey. Only six percent (6%) are not worried at all.

Women are slightly more worried than men, Republicans more than Democrats, whites more than blacks, and younger Americans more than older ones.

Thirty-eight percent (38%) of investors say they are Very worried the government will run out of money, compared to 45% of non-investors, but when those who are somewhat worried are factored in, the two groups are virtually identical.

Forty-six percent (46%) of Americans are opposed to a taxpayer-backed bailout of the Big Three automakers. Thirty percent (30%) support such a plan, and 25% are undecided.

A near identical percentage (45%) are opposed to a specific government bailout for General Motors, which says it is facing bankruptcy in the near future without an infusion of federal aid. Thirty-five percent (35%) of Americans support a GM bailout, with a sizable group (20%) not sure.

Consumer and investor confidence, as measured by the Rasmussen Consumer and Investor indexes, today regained a little of the ground it has lost over the past week.

President-elect Obama and the Democratic congressional leadership, under added pressure from the United Auto Workers union, are hoping to pass a bailout plan for the auto industry as quickly as possible. Congress is going into special session next week to consider such a bailout and a second economic stimulus plan.

A majority of Republicans oppose bailouts for any or all of the Big Three automakers. Democrats are more closely divided on the questions, but a plurality favor bailouts. By contrast, pluralities of unaffiliated voters are against any federal bailouts of the auto industry.

In a survey last month, 83% said the U.S. auto industry is at least somewhat important to the financial stability of the overall economy,with 38% saying it is Very important. But the number of those who rate the industry Very important to the overall economy has fallen 11 points since a survey in March 2007.

(Want a free daily e-mail update? Sign up now. If it's in the news, it's in our polls).

With the federal government already providing unprecedented help for the U.S. financial industry and thinking about doing the same for the auto industry, 80% are concerned the government is getting too involved in the private economy. Of this group, 48% are Very concerned.

Just two percent (2%) are not concerned at all.

This findings parallel a survey last week when 46% worried the government will do too much in response to the economic situation while 40% worry it won’t do enough. Sixty-three percent (63%) said the best stimulus for the economy would be more tax cuts.

Fifty-five percent (55%) of men are Very concerned that the government will get too involved in the private economy, compared to 42% of women. Sixty-five percent (65%) of Republicans share this high level of concern, as do 36% of Democrats and 45% of unaffiliated voters.

Fifty-one percent (51%) of investors are Very concerned the government will get too involved in the private economy versus 45% of non-investors.

We gave visitors to Rasmussen Reports a chance to predict the results of this survey. To see the results of predictions made by our readers, click here.

If Congress and the president-elect insist on a bailout for the auto industry, 76% agree with Obama that the automakers should be required to make cleaner, more energy-efficient cars as part of the deal. Fifteen percent (15%) disagree, and nine percent (9%) are undecided.

Congress already has approved $25 billion in taxpayer-backed loans for the auto industry to modernize its plants. The automakers are seeking at least $25 billion more for payroll and other basic needs.

Supporters of a bailout plan say collapse of the Big Three automakers could throw up to three million people out of work and cost local, state and federal governments billions through a combination of lost taxes and additional unemployment and health care spending. Opponents say a bailout of GM just delays the company’s inevitable restructuring and downsizing.

Please sign up for the Rasmussen Reports daily e-mail update (it’s free)… let us keep you up to date with the latest public opinion news.

See survey questions and toplines. Crosstabs are available to Premium Members only.

Rasmussen Reports is an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information.

The Rasmussen Reports Election Edge™ Premium Service offers the most comprehensive public opinion coverage available anywhere.

Scott Rasmussen, president of Rasmussen Reports, has been an independent pollster for more than a decade.

Survey of 1,000 Adults
November 11-12, 2008

How worried are you that the U.S. government will run out of money?

Very Worried

41%

Somewhat Worried

32%

Not Very Worried

18%

Not at all Worried

6%

Not Sure

3%

TOP STORIES

Daily Presidential Tracking Poll

Voters’ Opinions of Congressional Leaders Remain Steady

Democrats & Unaffiliateds More Likely To Be Unemployed Than Republicans

To Create Jobs, Voters Say Cut Taxes and Stop Spending

Brown Ensnared in His Own Tapegate Trap By Debra J. Saunders

Support for Congressional Health Care Proposal Up to 47%, 49% Opposed

Republicans Maintain Steady Lead on Generic Ballot

42% Rate Geithner’s Performance As Poor

47% Trust Private Sector More Than Government To Keep Health Care Costs Down, Quality Up

Voters Continue to See Deficit Reduction as Top Priority

Advertisement